With all the economic challenges our nation faces, ie. recession, inflation, debt limits, entitlement spending, excessive regulation, etc., I believe most dangerous and least recognized in the belief system held by the left wing of society.
To borrow from recent headlines, this dogma is well illustrated in comments recently made by Rep. Debbie Wasserman Schultz. In an angry diatribe against a fellow congressman for supporting the "cut-cap-balance" legislation she stated that the effect would be to "take away" benefits for Medicare and Social Security (wait, I thought they had a 'lock box'), while "giving away" tax cuts to the rich.
The comments, which are all too common today, represent a belief system that I'm afraid this nation may not be able to survive.
It is the belief that the nation's wealth belongs first to government, which then has the moral authority dole it out 'fairly'. Fairly of course means giving it to those that have less.
It ignores the fact that the only reason the government has any funds to give anyone is because politicians confiscate them from the very people they then berate for having too much. Talk about looking a gift horse in the mouth.
The debate over taxation/spending has evolved into a matter of math, with the competing positions arguing over what levels will best serve the economy. Apparently both sides of this debate have conceded that setting tax levels designed to maximize revenues is moral. I make no such concession.
I understand the congress has the legal authority to establish taxes for nearly any activity, including income. But why is the moral authority not in question? At best, presuming the left has the best of intentions, it is the forcible taking of property for the benefit of select others that are selected by the pick-pockets as worthy. More cynically it is legalized theft of wealth for the purpose of purchasing the loyalty (votes) of those that envy and resent the wealthy.
It is a system whose result, even if not its design, is to punish the hard-working, risk-taking, time-investing, forward-looking producers, while rewarding those that, through their own fault or not, produce little. Hence the comparisons to Socialism.
How long can any economy expect to survive such a system?
Take up pen and paper. Draw a circle which gradually spirals inward until in eventually collapses in on itself and disappears. You have just accurately grafted the economic forecast for any nation in which this dangerous belief system gains dominance.
